/ HUL Might Post Weak Q3, As Demonetisation Offsets High Consumer Income ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Friday, 20 January 2017

Hindustan Unilever Ltd (HUL), FMCG giant, is expected to post its Q3 numbers on January 23, 2017. According to market experts, the 7th pay commission and higher farm income were likely to boost the earnings of the FMCG industry and thereby, Hindustan Unilever. However, demonetisation has washed off the optimism and has negatively impacted the sales of the company.

Market experts expect that HUL is likely to post sales of Rs 7530 crore during December 2016 quarter, while net profit may stand at Rs 970 crore, registering a de-growth of 11.1% and 11.2% on quarter on quarter basis, respectively. The sales are likely to be in line with its year ago numbers while net profit may see a de-growth of 5.6%.

Operational margins will however remain stable amid cut in the advertising and promotional expenses by the company. Company may also see pressure on sales volume going forward on account of hike in prices of its products, specifically the soaps.

Hindustan Unilever Ltd is currently trading at Rs 869, up by Rs 8.75 or 1.02% from its previous closing of Rs 860.25 on the BSE.

The scrip opened at Rs 858 and has touched a high and low of Rs 871 and Rs 854.5 respectively. So far 389244(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 186181.73 crore.

The BSE group 'A' stock of face value Rs 1 has touched a 52 week high of Rs 954 on 09-Sep-2016 and a 52 week low of Rs 765.35 on 27-Jan-2016. Last one week high and low of the scrip stood at Rs 875.65 and Rs 822.3 respectively.

The promoters holding in the company stood at 67.2 % while Institutions and Non-Institutions held 18.89 % and 13.91 % respectively. The stock is currently trading above its 200 DMA.

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